Canadian airlines rank last for on-time arrivals in North America
By The Canadian Press on November 20th, 2023
A new report says the country’s two biggest airlines ranked last for on-time performance among large North American carriers last month. Aviation data company Cirium says nearly 28 per cent of Air Canada flights, or more than 8,700, landed late in October, placing the company ninth out of 10 airlines on the continent. The report ... Read More »
Be the first to comment!Base metal stocks help lead broad-based rally as S&P/TSX composite moves higher
By The Canadian Press on November 20th, 2023
TORONTO – Strength in the base metal stocks helped lead a broad-based rally as Canada’s main stock index moved higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 58.08 points at 20,233.85. In New York, the Dow Jones industrial average was up 80.56 points at 35,027.84. The S&P ... Read More »
Be the first to comment!Stock market today: Wall Street drifts at the start of a holiday-shortened week
By Zimo Zhong, The Associated Press on November 20th, 2023
NEW YORK (AP) – Wall Street is drifting to begin a holiday-shortened week, hanging near its highest level in three months. The S&P 500 was little changed early Monday, coming off its third straight winning week. The Dow was also flat, and the Nasdaq composite was up 0.3%. Microsoft rose 1.1% after bringing on Sam ... Read More »
Be the first to comment!Primaris REIT buying Halifax shopping complex for $370 million
By The Canadian Press on November 20th, 2023
TORONTO – Primaris Real Estate Investment Trust says it has signed a deal to buy a shopping centre complex in Halifax for $370 million. The deal includes the Halifax Shopping Centre and the Annex, which sits adjacent to the mall. The Halifax Shopping Centre is an enclosed shopping centre and its tenants include Sport Chek, ... Read More »
Be the first to comment!Microsoft hires Sam Altman and OpenAI’s new CEO vows to investigate his firing
By Courtney Bonnell, The Associated Press on November 20th, 2023
LONDON (AP) – Microsoft snapped up Sam Altman and another architect of OpenAI for a new venture after their sudden departures shocked the artificial intelligence world, leaving the newly installed CEO of the ChatGPT maker to paper over tensions by vowing to investigate Altman’s firing. The developments Monday come after a weekend of drama and ... Read More »
Be the first to comment!Microsoft hires Sam Altman as OpenAI’s new CEO vows to investigate his firing
By Courtney Bonnell, The Associated Press on November 20th, 2023
LONDON (AP) – The new head of ChatGPT maker OpenAI said Monday that he would launch an investigation into the firing of co-founder Sam Altman, a shakeup that shocked the artificial intelligence world and led to Microsoft snapping up the ousted CEO for a new AI venture. The developments come after a weekend of drama ... Read More »
Be the first to comment!First Quantum reduces operations at Cobre Panama further as blockade continues
By The Canadian Press on November 20th, 2023
TORONTO – First Quantum Minerals Ltd. says it has reduced operations at its Cobre Panama copper mine further and warns if a blockade of small boats at the mine’s port continues it will have to temporarily halt production. The company says it is down to one remaining ore processing train and that without shipments arriving ... Read More »
Be the first to comment!Questions swirl as Liberals prepare to table fall fiscal update
By The Canadian Press on November 20th, 2023
OTTAWA – Questions are swirling on Parliament Hill ahead of a fiscal update that’s widely expected to focus on addressing Canada’s housing crisis and cost-of-living concerns. Finance Minister Chrystia Freeland is set to table the fall economic statement on Tuesday, and she has already signalled that both issues will be front and centre. On housing, ... Read More »
Be the first to comment!CRA claws back $458 million in pandemic-era wage subsidies after partial audit
By Nojoud Al Mallees, The Canadian Press on November 20th, 2023
OTTAWA – The Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process. The agency is releasing a report Monday that offers detailed findings of its audits of the Canada Emergency Wage Subsidy Program. The bulk ... Read More »
Be the first to comment!Economists expect inflation slowed again in October as high interest rates take hold
By The Canadian Press on November 20th, 2023
OTTAWA – Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly. Statistics Canada is set to release its consumer price index report tomorrow, coinciding with the federal government’s fall economic statement. BMO expects the annual rate to come in at ... Read More »
Be the first to comment!Rogers, union representing striking workers in Metro Vancouver reach tentative deal
By The Canadian Press on November 19th, 2023
Rogers Communications Inc. has reached a tentative agreement with the union representing nearly 300 striking workers in Metro Vancouver after contract talks broke down and the company issued a lock-out notice earlier this month. A statement from Rogers spokesman Cam Gordon says the company is pleased to have reached a tentative agreement, adding the goal ... Read More »
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